Edificio Campo Alegre is commercial property located in the prime location of Obarrio, the heart of Panama City's financial district.
This six-story building is easily accessed, lying just off Via España, the main road in the country, and is also accessible through Obarrio.
The Edificio Campo Alegre is surrounded by the most prestigious banks, hotels, restaurants, and boutiques, including Hugo Boss, Rolex, and several jewelry stores.
The building is constructed on a lot of 16,634 sq ft and includes eight parking spaces. On the main floor are two stores and a high-end restaurant. The top five-stories hold offices with a 100% occupancy rate.
The first floor has approximately 7,263 sq ft construction, and each additional floor has an approximate construction of 10,760 sq ft.
The building is zoned RM-3/CM-2 and can be converted into a commercial or residential high rise, transformed into an apartment-hotel concept, or can become a new fully customized development.
It has been pre-approved for casino licenses, but other requirements must be met to finalize the licensing process. Also the Lot comes with a special permit for the municipality to build underground parking spaces to fulfill the metro (subway) need.
The property is offered at US $6,500,000